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Potential

RMBS Potential ShortI have been following this stock for a long time and have made great returns with it. The pattern scheme between the chart and the RSI can be used to predict an upcoming downtrend in the price of RMBS. Once the RSI exceeds 75 the chart bounces as the RSI levels out. This leveling out process takes about 20 bars (1 D) and then drops again. The MACD is also showing bearish signs. Any feedback or suggestions would be greatly appreciated! Also: Many of the drawings were done prior to movement in the chart. For example, my prediction of the "Stop Fall" in green was done prior to the chart actually stopping at the line.
NASDAQ:RMBSShort
by FrancescoChiappe
1
Weekly NZDCAD Potential Shark PatternIf we get a higher high close candlestick we are talking about a probable trend continuation here.. but i would rather sit and wait patiently the pattern completion at D point Conclusion... i wouldn't get too excited with the bullish trend here.. Also check the RSI bearish divergence... I would also have in mind potential bearish patterns or double tops at the lower time frames to short this pair Anyway that's my idea... tell me what you think about it :)
by jaktrader
12